Bankruptcy Offers Immediate Protection from Your Creditors!
How Does Bankruptcy Stop Debt Collection?
Filing bankruptcy will immediately stop debt collection harassment. The first thing that happens when you file for bankruptcy protection is … PROTECTION! The day—no, the very moment you file bankruptcy—no matter whether it’s Chapter 13 bankruptcy, Chapter 7 or Chapter 11—the first thing that happens is that the Automatic Stay goes into effect to stop debt collection against you.
The Automatic Stay (under Bankruptcy Code Section 362) stops creditors in their tracks. The Automatic Stay stops nearly all collection activities. It stops foreclosures. It stops bill collectors from calling you. It stops lawsuits against you. It stops wage garnishments. It stops car repossessions. It stops evictions. It stops almost every kind of action anyone to whom you may owe money might take against you. The Automatic Stay is incredibly powerful, immediate, relief for those who file bankruptcy.
Any bill collector that harasses a person protected by the Automatic Stay of bankruptcy is subject to monetary sanctions by the federal Bankruptcy Court—punishment for disobeying federal law by violating the Automatic Stay. So if the collectors keep calling or the bank goes ahead with foreclosure, or the judgment creditor keeps garnishing your wages after they receive notice from the United States Bankruptcy Court that you filed Chapter 13 bankruptcy or Chapter 7, then your bankruptcy lawyer can get the bankruptcy court to force them to pay money for violating the protection of the Automatic Stay.
Debt Settlement or Consolidation Programs Can’t Protect You. Bankruptcy Can.
Bankruptcy law insists that debtors—anyone who owes debts—get relief from bill collectors immediately and automatically when he or she files for bankruptcy protection. Private debt settlement companies promising to “negotiate” with your creditors can’t promise you the protection that a federal court can give you. Bankruptcy attorneys don’t have to “negotiate” your debts. We have the force of bankruptcy law and the Automatic Stay behind us. If you are eligible to receive bankruptcy relief from your debts, then why on earth would you let someone shame you into settling with some bully debt buyer?
Bankruptcy attorneys stop law suits, wage garnishments, home foreclosures, car repossessions, and bill collections with the full force of the LAW, not promises of some indefinite compromise that maybe your creditors might perhaps agree to if they feel like it.
If a creditor violates the Automatic Stay of Bankruptcy, our Bankruptcy Attorneys aggressively enforce the protection the Automatic Stay is designed to offer by asking the Bankruptcy Court to grant money damages against offending collectors. Private debt consolidation companies can’t do that. They say “please, sir.” We demand.
